B of A Securities Maintains Neutral on McDonald's, Raises Price Target to $343
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Gregory Francfort maintains a Neutral rating on McDonald's (NYSE:MCD) and raises the price target from $319 to $343.
July 28, 2023 | 2:30 pm
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NEUTRAL IMPACT
B of A Securities maintains a Neutral rating on McDonald's and raises the price target from $319 to $343. This could potentially attract investors.
The raised price target indicates that the analyst sees potential in the stock. However, the neutral rating suggests that the stock is fairly valued at its current price. This could attract some investors who agree with the analyst's view, but it's not a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100